Capital city dwelling values rose a further 0.5 per cent in August taking the cumulative recovery in residential home values to 7.0 per cent since the market bottomed out in May last year.
RP Data and Rismark International today released housing results which showed dwelling values increased by half a per cent over the month of August. The August result is a slowdown from previous months where capital gains were recorded at a much higher rate; 1.6 per cent over July and 1.9 per cent over June.
Highlights over the quarter:
Source: RP Data